Analisis Sukuk Negara Sebagai Alternatif Pembiayaan APBN

Miftahul Rahmawati

Abstract

Abstrak

This study used a descriptive qualitative approach that analyzed the potential of the State sukuk and the mechanism of sukuk issuance to finance the project. To answer the first problem, we use the method of forcasting or time series using ARCH-GARCH model with the help of eviews7, ARCH-GARCH is an econometric model introduced by Engle (1982) and developed Bollerslev (1986). In its development the ARCH-GARCH model became the mainstay for time series analysis on the capital market, which shows the volatility estimator. In this research, we have found the standard error 7813.429 and forcast resulted in the range of 10,000 to 20,000 in 2018. and answer the second problem, this research uses qualitative and has information from interview to sharia financing directorate, finance ministry. The result is that the State Sukuk has the potential to finance the project.